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Control and Compound with Darren Mitchell

Business Owners: Do This to Pay as Little Tax as Legally Possible | What Qualifies as a Business Expense? | Robert Gauvreau | Part 2

25 Nov 2024

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TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us On today's episode, Darren and Christina are joined by Robert Gauvreau for part 2 of their series with him! In Part 2, Robert is breaking down tax credits vs. tax deductions, some of the tax credits that are available to business owners, what qualifies as a business expense as well as whether or not you should own a vehicle with your business or personally. Tune in now! Show notes: 00:00 - Introduction 1:40 - Tax credit vs. tax deduction 3:00 - Common tax credits for business owners? 4:00 - How do you get tax credits as a business owner? 6:35 - The most popular tax credits for business owners 8:25 - What qualifies as a business expense? 12:40 - Recommended software for doing taxes for your business 16:30 - Business expenses that a lot of business owners don't know are business expenses 21:40 - Car ownership: business vs. personal 30:00 - A couple more tips from Robert FIND BOB GAUVREAU ON: WEBSITE: https://gauvreaucpa.ca/ INSTAGRAM: https://www.instagram.com/gauvreaucpa/ FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound JOIN OUR FACEBOOK COMMUNITY: https://www.facebook.com/groups/controlandcompound BOOK A CALL WITH US NOW: https://www.controlandcompound.com/contact-us

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